This is a new way of managing and improving your finances. It gives you the flexibility to choose where you want to use it - whether it’s to fund your retirement or to make regular withdrawals from for a reward to yourself every now and again. It’s the smarter way of getting more out of life.
Invest in our Funds
The investment feature of your Venture Life account works by giving you access to any of our funds operated by professional fund managers. It's entirely up to you to switch from 1 fund to another as and when you see fit. However, the returns on funds are not guaranteed and the value of your policy's benefits (Death, Total and permanent Disability, and Old Age Disablement) may fall or rise depending on the performance of the underlying assets of the funds. There are potential risks in investing in the funds which will be borne solely by you. Please refer to our brochure on Venture Funds for more details.
Almost anyone can qualify
Almost anyone in good health aged between 1 month and 65 years old can start a Venture Life account with as little as RM125 a month. You may enjoy the flexibility of paying as little or as much as you can afford, as long as your payment covers the required yearly sum. Furthermore, as long as it is higher than the minimum, this yearly sum is also yours to determine and change as you please. If you wish, you may even decide to stop paying premiums (“premium holiday”). The benefits are yours to enjoy as long as there are sufficient units in your account to pay for your insurance and service charges.
Affordable Charges
The service and insurance charges you pay depends on the benefits you choose to enjoy. The insurance charges will vary with your attained age and may be affected by the performance of the underlying assets of the funds (please refer to our sales illustration to fully understand how the funds performance will affect the insurance charges). The monthly service charge is set at RM5 per month.
Easy and flexible
With Venture Life, you can increase your savings by topping up your account or make withdrawals whenever the need arises, as often as you like so long as each withdrawal is of a minimum of RM500 an the minimum account balance after withdrawal is RM3,000. As and when your investment and protection needs change, you may wish to adjust your allocations for your protection and investment plans. Moreover, you are allowed 2 free switches a year. For each subsequent switch, you will be charged 1% of the amount switched (subject to a maximum of RM50). These fees and charge may be adjusted from time to time.
Choose your Protection plan
Venture Life provides you with insurance coverage against either:
a. Death
b. Total and Permanent Disability prior to attaining age 65, subject to a maximum of : RM100,000 before age 7 |
| RM500,000 before age 15 |
| RM1,000,000 fro age 15 and above; or |
c. Old Age Disablement benefit after attaining age 65, subject to a maximum of RM1, 000.000.
Moreover, for an extra premium, you may also enjoy additional optional benefits on top of what the basic plan provides: Critical Illness Benefit, Personal Accident Benefit, Hospital and Surgical Benefit, Critical Illness Waiver of premium Benefit and Spouse/Payor Waiver of premium Benefit. Optional coverage can also be extended to your family members by incorporating any of our family riders under your account.
There are 2 types of plans for you to choose to meet your protection and investment needs. Level Cover pays you the higher of the Basic Sum Assured or Account Value while Increasing Cover pays you both the Basic Sum Assured and Account Value.
Minimum Basic Sum Assured
Age | 0 – 35 | 36 – 45 | 46 – 55 | >55 |
| Minimum Multiples Of Annual Target Premium | 40x | 30x | 20x | 10x |
Allocation rates of Premiums
Policy Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 onwards |
| Premiums Paid | RM | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Premium | % | 40% | 40% | 75% | 75% | 85% | 85% | 100% |
| Allocation | RM | 400 | 400 | 750 | 750 | 850 | 850 | 1,000 |
Allocation for Top-up Premium in excess of Annual Target Premium: 95%
Notes
- This is a whole life regular premium investment-linked policy that matures at age 100.
- You are advised to study our brochure on Venture Funds and sales illustration, paying particular attention to the nature of investment risks and non guaranteed benefits of the plan that you intend to purchase.
- The Company reserves the right to amend the rates and charges of this Policy by giving a 90 day prior notice and such amendment will be applicable from the next anniversary date of this Policy.
- The purchase of this Policy is long term commitment and it is not advisable to hold the policy for a short period of time in view of the high initial costs.
- You should satisfy yourself that this Policy will best serve your needs and the premium payable under the policy is an amount that you can afford.
- In cases where the purchase of investment-linked policy involve a sizable amount of RM5,000 and above, you should consider purchasing a single premium investment-linked policy rather than regular premium policy as single premium plans offer better allocation rates for investment.
- Since in the initial years the top-up facility will allocate a higher amount towards the purchase of units, you can maximize your investment value by minimizing your Annual Target Premium and maximizing your top-up amount.
- Once your account value has accumulated as substantial amount of units, you may opt for a “premium holiday” where you do not need to pay the premiums so long as there are sufficient units to pay the insurance and service charges. However, please note that there is a possibility of your policy lapsing when the required charges, including rider charges, exceed the value of units available.
- Please note that if you purchase too many unit deducting riders, the rider charges may deplete the investment-linked fund units.
Venture Life
